All New US Jobs Since The Covid Crash Have Gone To Foreign-Born Workers...WTF?

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We live in a strange time, one where the formerly unthinkable - skepticism among the "very serious people" about government data veracity - has become mundane. And yet even though numerous bank analysts and strategists, and this site of course, have repeatedly raised questions and concerns about the credibility of the most important US economic data - the monthly jobs report - nothing ever changes and if it does, it comes in the form of periodic "seasonal adjustment" resets where we "learn" that all the data that guided markets and central banks, had been fake, manipulated wrong for years.

But even if one ignores the blatant manipulation of economic data by self-serving administrations, who hope to generate political brownie points by casting the economy in a far stronger light than is merited in reality, there are still various bizarre offshoots within the data which few notice yet which are instrumental to maintaining the fake narrative.

Such as this: readers are probably aware that according to the BLS, there are now roughly 3.3 million more jobs (155.7 million) than there were at the peak just before the covid crash (152.4 million).
Yet one place where the BLS has allowed a glaring data deficiency to persist, is in what will soon be a very politically charged and sensitive data series: where have all the new workers come from.

As noted above, if one believes the BLS, US payrolls are now a record high 155.7 million, or 161 million employed workers according to the Household survey. But if one digs a little deeper, one finds something rather peculiar: all of the jobs created since the covid crash have gone to foreign-born workers!





Still doing the jobs that Americans refuse to do?









I don't think so.



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Last Edited by Don Of N*******t on 06/02/2023 01:21 PM